Corporate Governance Board of Directors Executive Board at 1St July 2004 Nestlé Corporate Governance 1St July 2004

Corporate Governance Board of Directors Executive Board at 1st July 2004 Nestlé Corporate Governance 1st July 2004

Contents

1. Board of Directors...... 2 1.1 Members of the Board of Directors ...... 2 1.2 Other activities and functions ...... 4 1.3 Cross-involvement ...... 6 1.4 Time of first election and remaining term of office ...... 6 1.5 Allocation of tasks within the Board of Directors ...... 7

2. Executive Board...... 7 2.1 Members of the Executive Board ...... 7 2.2 Other activities and functions ...... 9

1 Nestlé Corporate Governance 1st July 2004

1. Board of Directors 1.1 Members of the Board of Directors(1) a) Name / Year of birth / Nationality / Education Name Year of birth Nationality Education Rainer E. Gut 1932 Swiss Swiss Matura Diploma and professional Chairman training in Switzerland, Paris, London Peter Brabeck-Letmathe 1944 Austrian Degree in Economics Vice Chairman and CEO Andreas Koopmann 1951 Swiss Degree in Mechanical Engineering and Business Administration Edward George (Lord George) 1938 British Degree in Economics Rolf Hänggi 1943 Swiss Degree in Law Jean-Pierre Meyers 1948 French Degree in Economics Peter Böckli 1936 Swiss Attorney-at-law Nobuyuki Idei 1937 Japanese Degree in Political Science and Economics André Kudelski 1960 Swiss Degree in Physics Kaspar Villiger 1941 Swiss Degree in Mechanical Engineering Daniel Borel 1950 Swiss Degree in Physics and in Computer Science Carolina Müller-Möhl 1968 Swiss Degree in Political Science

(1) For complete information: please refer to individual CVs on www.nestle.com

Name Professional Background(1) Rainer E. Gut Credit Suisse Group, CH, Chairman (1986–2000), Honorary Chairman (since 2000) Credit Suisse First Boston, CH, Chairman (1990–2000) Credit Suisse, CH, Chairman (1983–2000) Andreas Koopmann Bobst Group SA, CH, CEO (since 1995), Board member (1998–2002), Executive Vice President (1994–1995), Member of the Group Executive Committee in charge of Manufacturing (1991–1994), Senior Vice President (1989–1991) Bobst Group Inc., US, Vice President Engineering and Manufacturing (1982–1989) Motor Columbus AG, Holding, CH, Assistant to a Group Executive (1980–1982) Edward George (Lord George) Career at the Bank of England, GB (1962–2003): Governor (1993–2003), Deputy Governor (1990–1993), Executive Director (1982–1990) Rolf Hänggi Consultant (since 1997) Zurich Insurance Group, CH (1976–1997): Board Member (1993–1997), Deputy CEO (1989–1997), Member of the Executive Board (1986–1997) Jean-Pierre Meyers L’Oréal S.A., FR, Vice Chairman (since 1994) Bettencourt-Schueller Foundation, FR, Vice Chairman (since 1988) Peter Böckli Böckli Bodmer & Partner, Basel, CH (since 1981) University of Basel, CH, Professor for Business and Tax Law (1975–2001) Attorney-at-law in New York, Paris and Basel (1963–1981)

(1) For Mr. Peter Brabeck-Letmathe, please refer to page 8

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Name Professional Background Nobuyuki Idei Sony Corporation, JP, Chairman and Group CEO (since 2000) Sony Corporation, JP, President and Representative Director (1995–1999) IT Strategy Headquarters, Member (since 2001) IT Strategy Council to Japan’s Prime Minister, Chairman (2000) André Kudelski Kudelski Group, CH, Chairman and CEO (since 1991) Kudelski S.A., CH, Director of Pay-TV Division (1989–1990) Kudelski S.A., CH, Product Manager for Pay-TV products (1986–1989) Kaspar Villiger Swiss government minister (1989–2003, including presidency of the Swiss Confederation in 1995 and 2002) Member of the Swiss federal parliament (Council of States 1987–2003, National Council 1982–1987) Villiger Soehne AG, CH, Chairman and CEO, joint owner of the family firm (1966–1989) Daniel Borel Logitech International S.A., CH, Chairman (since 1998), Chairman and CEO (1992–1998) Logitech S.A., CH, Co-founder (1981), Chairman and CEO (1982–1988) Bobst S.A.,CH, Bobstgraphic Division (1977–1981) Carolina Müller-Möhl Müller-Möhl Group, CH, Chairperson (since 2000) Müller-Möhl Holding AG, CH, Vice Chairperson (1999 to 2000) Journalist, advertising and PR consultant (until 1999)

b) Operational management tasks of the members of the Board of Directors With the exception of Peter Brabeck-Letmathe, all members of the Board of Directors are non-executive members.

c) Information on non-executive members of the Board of Directors – Information on whether he/she was a member of management of the issuer or one of the issuer’s group companies in the three financial years preceding the period under review. – Information on whether he/she has important business connections with the issuer or one of the issuer’s companies. All non-executive members of the Board of Directors are independent, were not previously members of the Nestlé management and have no important business connections with Nestlé. For cross-involvement, see point 1.3.

3 Nestlé Corporate Governance 1st July 2004

1.2 Other activities and functions Activities in governing and supervisory Permanent management and bodies of important Swiss and foreign consultancy functions for important organisations, institutions and foundations Swiss and foreign interest groups under private and public law • Activities in companies in which Nestlé holds a major strategic interest Rainer E. Gut • L’Oréal S.A., FR Vice Chairman Peter Brabeck-Letmathe • Alcon, Inc., CH European Roundtable of Industrialists, Vice Chairman BE • Cereal Partners Worldwide Member Co-Chairman of the Supervisory Board Prince of Wales International Business • Dreyer’s Grand Ice Cream Holdings, Inc., US Leaders Forum, GB Vice Chairman Deputy Chairman • L’Oréal S.A., FR World Economic Forum, CH Board member Member of the Foundation Board Avenir Suisse Foundation, CH Board member Credit Suisse Group, CH Vice Chairman Foundation for the International Federation of Red Cross and Red Crescent Societies, CH Member of the Foundation Board Roche Holding S.A., CH Board member Andreas Koopmann SIG Holding AG, CH Credit Suisse Group, CH Board member Vice Chairman of the Advisory Board Swissmem, CH Vice Chairman Edward George (Lord George) Bank for International Settlements, Basle, CH Board member Grosvenor Group Holdings Ltd, GB Board member N. M. Rothschild and Sons Ltd, GB Board member Rothschilds Continuation Holdings A.G., CH Board member Rolf Hänggi Bank Rüd, Blass & Cie AG, Bankers, CH Chairman Roche Holding Ltd., CH Vice Chairman GFG Gesellschaft für Grundeigentum, CH Chairman AG für Immobilien und Handelswerte, CH Chairman Deutsche Asset Management Investmentgesellschaft mbH (previously DEGEF), DE Member of the Supervisory Board Werner Abegg Fonds Foundation, CH Member of the Foundation Board

4 Nestlé Corporate Governance 1st July 2004

Activities in governing and supervisory Permanent management and bodies of important Swiss and foreign consultancy functions for important organisations, institutions and foundations Swiss and foreign interest groups under private and public law • Activities in companies in which Nestlé holds a major strategic interest Jean-Pierre Meyers Rothschild Ophthalmological Foundation, FR Board member Téthys S.C.A., FR Member of the Supervisory Board Peter Böckli Assivalor AG, CH Board member Doerenkamp-Stiftung, CH Secretary of the Board of Trustees Hason AG, CH Board member Holler-Stiftung, DE Member of the Board of Trustees Manufacture des Montres Rolex S.A., CH Vice Chairman UBS AG, CH Vice Chairman Vinetum AG, CH Board member Nobuyuki Idei Nippon Keidanren, JP Bank of Japan, JP Vice Chairman Counsellor General Motors Corporation, US Asian Advisory Counsil World Economic Forum, CH Member of the Foundation Board Vice Chairman of the International Business Council, Asia-Pacific Region André Kudelski Dassault Systèmes S.A., FR Credit Suisse Group, CH Board member Member of the Advisory Board Groupe Edipresse, CH Board member Swiss-American Chamber of Commerce, CH Board member Kaspar Villiger AG für die Neue Zürcher Zeitung, CH Board member Swiss Re (Swiss Reinsurance Company AG), CH Board member Daniel Borel Phonak A.G., CH Board member Bank Julius Baer, CH Board member Defitech Foundation, CH Member of the Foundation Board Foundation for Excellence in Education in Switzerland, CH Chairman

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1.3 Cross-involvement Indication of cross-involvement among the boards of listed companies

Messrs Rainer E. Gut, Peter Brabeck-Letmathe and Jean-Pierre Meyers are on the Board of Directors of both Nestlé and L’Oréal. Messrs Peter Brabeck-Letmathe and Rolf Hänggi are on the Board of Directors of both Nestlé and Roche Holding.

1.4 Time of first election and remaining term of office First election Remaining term of office(1) Rainer E. Gut 14.05.1981 2005 Chairman Peter Brabeck-Letmathe 05.06.1997 2007 Vice Chairman and CEO Andreas Koopmann 03.04.2003 2008 Edward George (Lord George) 22.04.2004 2007 Rolf Hänggi 22.04.2004 2008 Jean-Pierre Meyers 30.05.1991 2006 Peter Böckli 27.05.1993 2008 Nobuyuki Idei 05.04.2001 2006 André Kudelski 05.04.2001 2006 Kaspar Villiger 22.04.2004 2009 Daniel Borel 22.04.2004 2009 Carolina Müller-Möhl 22.04.2004 2009 (1) until the General Meeting of shareholders

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1.5 Allocation of tasks within the Board of Directors: Committee Remuneration Audit of the Board Committee Committee Rainer E. Gut • (Chair) • (Chair) Chairman Peter Brabeck-Letmathe • Vice Chairman and CEO Andreas Koopmann • • Edward George (Lord George) • • Rolf Hänggi • • (Chair) Jean-Pierre Meyers • Peter Böckli Nobuyuki Idei André Kudelski Kaspar Villiger • Daniel Borel Carolina Müller-Möhl

2. Executive Board(1) 2.1 Members of the Executive Board a) Name / Year of birth / Nationality / Function Name Year of birth Nationality Current Function Peter Brabeck-Letmathe 1944 Austrian Vice Chairman of the Board of Directors and CEO Michael W. O. Garrett 1942 British & Australian EVP: Zone Asia, Oceania, Africa, Middle East Francisco Castañer 1944 Spanish EVP: Pharmaceutical & Cosmetic Products, Liaison with L’Oréal, Human Resources, Corporate Affairs Wolfgang H. Reichenberger 1953 Swiss & Austrian EVP: Finance, Control, Legal, Tax, Purchasing, Export Lars Olofsson 1951 Swedish EVP: Zone Europe Werner Bauer 1950 German EVP: Technical, Production, Environment, Research & Development Frits van Dijk 1947 Dutch EVP: Nestlé Waters Ed Marra 1952 Canadian/American EVP: Strategic Business Units, Marketing Paul Bulcke 1954 Belgian EVP Zone USA, Canada, Latin America, Caribbean Chris Johnson 1961 American Deputy EVP: GLOBE Programme, Information Systems, Strategic Supply Chain, eNestlé, Group Information Security Luis Cantarell 1952 Spanish Deputy EVP: Nutrition Strategic Business Division (EVP: Executive Vice President)

(1) For complete information: please refer to individual CVs on www.nestle.com

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b) Education Joined Nestlé in Peter Brabeck-Letmathe Degree in Economics 1968 Michael W. O. Garrett Degree in Business Administration 1961 Francisco Castañer Degree in Economics 1964 Wolfgang H. Reichenberger Degree in Economics 1977 Lars Olofsson Degree in Business Administration 1976 Werner Bauer Degree in Chemical Engineering 1990 Frits van Dijk Degree in Economics 1970 Ed Marra Degree in Business Administration 1981 Paul Bulcke Degree in Economics and Business Administration 1979 Chris Johnson Degree in Economics and Business Administration 1983 Luis Cantarell Degree in Economics 1976

c) Activities previously carried out for Nestlé or its Group companies Peter Brabeck-Letmathe Executive Vice President, Strategic Business Group II, Nestlé S.A., CH (1992–1997) Senior Vice President, Culinary Products Division, Nestec S.A., CH (1987–1991) Chairman and Managing Director, Nestlé Venezuela S.A. (1983–1987) Michael W. O. Garrett Executive Vice President for Asia and Oceania, Nestlé S.A., CH (1993–1996) Managing Director, Nestlé Japan Ltd. (1990–1992) Managing Director, Nestlé Australia Ltd. (1985–1990) Francisco Castañer Managing Director, Nestlé España S.A. (1986–1996) Deputy Managing Director, Nestlé España S.A. (1984–1986) General Manager, Alimentos Refrigerados S.A. (Nestlé Group), ES (1982–1984) Wolfgang H. Reichenberger Managing Director, Nestlé Japan Ltd. (1999–2001) Managing Director, Nestlé New Zealand Ltd. (1996–1999) Senior Vice President, Finance, Nestlé S.A., CH (1993–1996) Lars Olofsson Chairman and Managing Director, Nestlé France S.A. (1997–2001) Managing Director, Nestlé Norden AB, SE (1995–1996) General Manager, France Glaces Findus S.A. (1992–1995) Werner Bauer Managing Director, Nestlé South & East Africa, ZA (2000–2002) Technical Manager, Nestlé South & East Africa, ZA (1998–2000) Head, Nestlé Research & Development, Nestec S.A., CH (1996–1998) Frits van Dijk Managing Director, Nestlé Japan Ltd. (1995–1999) Managing Director, Nestlé Malaysia, Bhd. (1988–1995) Marketing Director, Nestlé Philippines, Inc. (1985–1987) Ed Marra Managing Director, Nestlé Canada, Inc. (2000–2003) President, Beverage Division, Nestlé USA, Inc. (1996–2000) Executive Vice President, Marketing and Sales, Nestlé USA, Inc. (1993–1996; General Manager as of 1996)

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Paul Bulcke Managing Director, Nestlé Germany AG (2000–2003) Managing Director, Nestlé Cesko s.r.o. and Nestlé Slovensko s.r.o. (1998–2000) Managing Director, Nestlé Portugal S.A. (1996–1998) Marketing, Sales and Division Functions, Nestlé Peru S.A., Nestlé Ecuador S.A. and Nestlé Chile S.A. (1980–1996) Chris Johnson Managing Director, Nestlé Taiwan Ltd. (1998–2000) Senior Area Manager, Asia Region, Perrier Vittel S.A. (Nestlé Group), FR (1995–1997) Business Unit Manager, Refreshment Beverages, Nestlé Japan Ltd. (1993–1995) Luis Cantarell Senior Vice President, Nutrition Strategic Business Division, Nestec S.A., CH (2001–2002) Managing Director, Nestlé Portugal S.A. (1998–2001) Head of Coffee, Culinary, Foodservices, Nestlé España S.A. (1996–1998)

2.2 Other activities and functions Activities in governing and supervisory Permanent management and bodies of important Swiss and foreign consultancy functions for important organisations, institutions and foundations Swiss and foreign interest groups under private and public law • Activities in companies in which Nestlé holds a major strategic interest Peter Brabeck-Letmathe (see point 1.2 above) Michael W. O. Garrett • Cereal Partners Worldwide APEC (Asia-Pacific Economic Member of the Supervisory Board Cooperation) Food System, US • Nestlé India Ltd, IN Member of Advisory Committee Board member Lausanne Tokyo Business Leaders’ • Nestlé Malaysia Bhd., MY Club, CH Board member Member • Nestlé Milkpak Ltd, PK Sir William Tyree Foundation of the Board member Australian Industry Group, AU • Nestlé Nigeria PLC, NG Visiting International Fellow Board member World Economic Forum, CH • OSEM Investments Ltd, IL Member of Food Governors Chairman Europe-Asia Economic Forum (Evian Group), CH, Chairman Swiss-Japanese Chamber of Commerce, CH Board member Francisco Castañer • Alcon, Inc., CH Board member • Galderma Pharma S.A., CH Chairman • L’Oréal S.A., FR Board member

9 Nestlé Corporate Governance 1st July 2004

Activities in governing and supervisory Permanent management and bodies of important Swiss and foreign consultancy functions for important organisations, institutions and foundations Swiss and foreign interest groups under private and public law • Activities in companies in which Nestlé holds a major strategic interest Wolfgang H. Reichenberger • Alcon, Inc., CH American-Swiss Foundation, CH Board member Member of the Swiss Advisory Council • Life Ventures S.A., CH Chairman • Nestlé Deutschland AG, DE Member of the Supervisory Board Montreux Palace S.A., CH Board member Industrie-Holding, CH Member of the Committee Swiss-American Chamber of Commerce, CH Board member and member of the Committee Swiss Association of Financial Executives, CH Member SWX Swiss Exchange, CH Admission Board, Member of the Executive Committee Venture Incubator AG, CH Board member Lars Olofsson • Cereal Partners Worldwide Foreign Investment Advisory Council, RU Member of the Supervisory Board Member • Nestlé Entreprises S.A.S., FR CEO • Nestlé Holdings PLC, UK Board member • Nestlé Italia S.P.A., IT Board member • Société des Produits Nestlé S.A., CH Chairman • Nestlé Suisse S.A., CH Chairman Association des Industries de Marque (AIM), BE Chairman Werner Bauer • Alcon, Inc., CH Board member • Cereal Partners Worldwide Member of the Supervisory Board • Life Ventures S.A., CH Co-Chairman • Rychiger AG, CH Chairman Bertelsmann Foundation, DE Member of the Board of Trustees Swiss Society of Chemical Industries, CH Board member

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Activities in governing and supervisory Permanent management and bodies of important Swiss and foreign consultancy functions for important organisations, institutions and foundations Swiss and foreign interest groups under private and public law • Activities in companies in which Nestlé holds a major strategic interest Frits van Dijk • Compagnie Financière du Haut Rhin SA, LX Chairman and CEO Manantiales la Asunción, S.A. de C.V., MX Board member • Nestlé Waters MT (Management & Technology) SAS, FR Chairman • Nestlé Waters North America Holdings, Inc., US Chairman • Nestlé Waters SAS, FR Chairman Ed Marra • Beverage Partners Worldwide S.A., CH Co-Chairman of the Board Food Industry Association, CA Member of the Executive Committee Food and Consumer Products Manufacturers of Canada, CA Member of the Executive Committee and Board of Directors Grocery Industry Foundation, CA Board member Paul Bulcke • Cereal Partners Worldwide Member of the Supervisory Board Chris Johnson Global Commerce Initiative (GCI), BE Member of the Executive Board EAN International, BE Member of the Management Board Luis Cantarell • Laboratoires Innéov SNC, FR Co-Chairman • Life Ventures S.A., CH Board member • Sofinol S.A., CH Chairman and Director